How Much Cash Does SpaceX Have Left? Here's the Latest Update.
Elon Musk is betting SpaceX's future on AI -- and it appears to be working.
SpaceX, the aerospace manufacturer and space transportation company, disclosed its financial results for Q3 2026, showing a significant boost in revenue and earnings. The company reported revenue of $14.6 billion, a 161% year-over-year increase, and earnings per share of $0.35, more than double Wall Street's predictions. However, while revenue grew, capital investment also surged, rising by 185% to $19.6 billion.
SpaceX's investment in artificial intelligence (AI), or "super intelligence" (SI), was the most substantial, with capital spending more than tripling to $16.4 billion. Despite this heavy capital investment, AI revenue jumped by an astonishing 830% year-over-year to $7.6 billion, with SI operating profit shifting from negative to positive in Q3.
Despite burning through $35 billion in negative free cash flow in the first nine months of 2026, SpaceX has $90 billion in cash, cash equivalents, and marketable securities on its balance sheet. This substantial cash reserve allows SpaceX to sustain its growth in AI revenue faster than its AI investments for at least two more years without the need for additional debt or stock sales. As such, SpaceX investors can likely rely on this strong financial position to see the AI business turn profitable.
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